Avalanche

<ul><li>AVAX leads with an 8% surge, reaching $38.84, accompanied by an 82% surge in trading volume, eclipsing Dogecoin&#39;s performance.</li><li>Technical analysis suggests a potential breakout as AVAX targets the $39 resistance, setting sights on $43.85 amid its upward momentum.</li><li>Market volatility persists, yet a positive Funding Rate for AVAX favors long positions, prompting investor caution amid liquidation risks.</li></ul>In today&#39;s crypto market frenzy, Avalanche (AVAX) stands out as the star performer, leaving many other cryptocurrencies behind in a race for dominance. The altcoin has witnessed an impressive 8% surge in the past 24 hours, currently trading at <a href="https://coinmarketcap.com/currencies/avalanche/" rel="noopener noreferrer nofollow">$38.84</a> with a market cap soaring to $14.43 billion. Notably, AVAX&#39;s trading volume has spiked by a staggering 82%, signaling heightened investor interest.The altcoin&#39;s rise to prominence began during the fourth quarter of 2023, securing its position among the top ten cryptocurrencies. Now, with its recent rally, AVAX has firmly established itself as a formidable player in the crypto market.Technical analysis suggests that AVAX may be on the brink of a breakout. Bullish momentum is building as prices approach the $39 resistance level, with a successful breakthrough potentially catapulting AVAX to $43.85. Conversely, a rejection could see a pullback towards the support zone at $33.85.Read full article at CryptoTale.

Avalanche (AVAX) Surges, Dominates Crypto Market Amidst Frenzy & Innovation

CryptoTale

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